The Continental Group , an internationally renowned auto parts supplier, manufacturer and industrial partner based in Hannover, Germany, announced that it has concluded an agreement with the Carlyle Group from Washington, USA, and both parties agreed to acquire the United States for approximately 1.4 billion Euros. Glenn Technology, Inc., Fairlawn, Ohio. Grundig's business in rubber and plastics technology spans the globe. In 2013, the company reported sales of approximately 1.5 billion euros, of which approximately 90% of sales were from non-automotive industries. As of the end of 2013, Grundig had 27 factories around the world, with a total of approximately 9,000 employees. This acquisition transaction also needs the approval of the anti-monopoly department.

Continental Group

“G&G’s leading business and its regional influence will provide a strong complement to Continental’s current global expansion. We plan to integrate GNU into the Continental Group’s ContiTech Group to further consolidate our global rubber In addition to the position in the plastics technology field, the Continental Group can accelerate its progress through this acquisition and realize its strategic goal of increasing its sales share to industrial and end-users as early as possible.The next 60% of ContiTech's sales will come from Non-automotive industry, commented Dr. Elmar Degenhart, Chairman of the Executive Board of the Continental Group. He also said: "Once the transaction is completed, Gwen will immediately have a positive impact on the company's profitability. We will use cash and available credit lines to finance the acquisition."

"The joining of Grundfos Technology will help ContiTech in certain important markets, especially in the United States and South America. The factories in Mexico, Canada, China, Australia and South Africa will bring us new opportunities. "Heinz-Gerhard Wente, member of the Continental Executive Board and Chief Executive Officer of ContiTech, said. “From the perspective of the market situation in each region, Grundig and ContiTech can complement each other. ContiTech's Conveyor Belt Group and Fluid Technology Company are able to gain a great competitive advantage through further globalization, and The Transmission Group and air spring systems will also achieve effective collaboration and benefit from it."

Martin Sumner, executive director of the Carlyle Group, added: “We are proud of the achievements of the G&G management team and also believe that Gutenberg’s marriage with the Continental Group can more effectively meet the needs of global consumers.” Based on trial results In 2013, the combined sales of ContiTech and Grundig will reach 5.4 billion euros, and the total global workforce will be approximately 39,000. Half of Grundig's sales are from the United States, and important markets are Latin America, Africa, China, and other Asian countries. Its products mainly include conveyor belts, hoses, power transmission belts and air spring systems.

John S. Hamilton, CEO of Grundfos Technology, said: "ContiTech and Grundig can be described as a partnership. This transaction will not only bring complementary regional advantages and product synergy, but more importantly, we will The organizational structure and corporate culture we build can assume responsibility for customers, employees, and society, which is the essence that cannot be overlooked.We expect to be an indispensable and important member of the ContiTech family and abide by each other’s cherished innovations. Philosophy, continue to provide customers with more value."

With 2013 sales of 33.3 billion Euros, Continental Group is one of the world's leading suppliers of automotive parts and components. The Group's business covers braking systems, powertrains and chassis systems and components, instrumentation, infotainment systems, automotive electronics, tires and industrial rubber products. It is committed to enhancing driving safety and global environmental protection. In addition, the Continental Group is also an excellent partner in the field of automotive network communications. Continental currently has more than 177,000 employees in 46 countries.

ContiTech, a subsidiary company of the Continental Group, is a major supplier of non-tyre rubber products, and has strong expertise in rubber technology in the non-tire rubber field. ContiTech develops production features and systems for the automotive industry and other important industries. The company employs about 29,700 people. Sales in 2013 were approximately 3.9 billion euros.

Production name

High quality Die cutting heat resistant adhesive polyimide masking tape

Material

Polyimide film + Silicone adhesive

Usage

widely widely used in high temperature masking protection in electronics industry

Feature

♦Powder coating protection

♦Glass sandblasting protection

♦Paint spray protection

♦Ordinary surface protection

♦ Silicone Adhesive Heat Resistant High Temperature Polyimide Tape

♦ High temperature, solvent resistant, stable and reliable

♦ Easy peel off no glue residue

♦ H-class insulation

♦ Suitable for pcb 3d printing and transformer insulation

♦ Strong tensile strength

♦ Offer sheet or roll material or diecut processing.

Advantage

1.Factory supplier: Silicone Adhesive Heat Resistant High Temperature Polyimide Tape

2.Competitive price:Factory direct sales, professional production, quality assurance,

3.Perfect service:Delivery in time,and any question will be replied in 24 hours

Punching Tape

Punching Tape,Punched Paper Tape,Insulating Punching Tape,Punching Carrier Tape

ShenZhen KDW Electronics Co.,Ltd , http://www.smtsplicetape.com